Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.017%
Price spread now: Bybit against BloFin−0.074%92s7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$440.438% of the position
Funding, last 7 days−0.245%−$25 on $10k
+Price spread, last 4 days (all we have)+0.066%+$7 · spread now −0.074%, 7d avg −0.026%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bybit is 0.049% cheaper against BloFin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.026%). Swap the legs. The two prices were read 92 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin HBAR-USDT | 0.09411 | 0.0220 | pay 0.0220% / 8h | 3h 21m | $1.5M | $5.6M | 90x |
| Short | Bybit HBARUSDT | 0.09404 | 0.0100 | get 0.0100% / 8h | 3h 21m | $33.2M | $35.3M | 75x |
BloFin HBAR-USDT
Bybit HBARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$25.2
- Price spread: −0.074% → −0.026%
- −$4.88
- Slippage, 4 orders
- −$20.76
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$73.85
- Costs to cover
- 0.438%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 12 min ago; Bybit: live order book, 2 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy BloFin live order book, 12 min ago | 5.26 bp | 11.7 bp −$12 | 16.4 bp −$164 | 39.1 bp −$3,906 | doesn't fit |
| Sell Bybit live order book, 2 min ago | 0.53 bp | 9.6 bp −$10 | 18.8 bp −$188 | 71.3 bp −$7,130 | doesn't fit |
HBAR on 28 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX HBAR-USD | 0.0000% | 1h | 0.09408 | −0.036% | $30K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09385 | −0.276% | $517K | $190K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0011% | 1h | 0.09384 | −0.292% | $9K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | −1.371% | $1K | $105K | 12x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0080% | 1h | 0.09389 | −0.234% | $222K | $2.3M | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0080% | 8h | 0.09379 | −0.340% | $2K | $14K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09397 | −0.149% | $566K | $616K | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09407 | −0.046% | $202K | $336K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09404 | −0.072% | $34.9M | $110.1M | 75x | as long as short |
| Bybit HBARUSDTshort | +0.0100% | 8h | 0.09404 | −0.074% | $33.2M | $35.3M | 75x |
dYdX HBAR-USD
Deribit HBAR_USDC-PERPETUAL
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Coinbase International HBAR-PERP-INTX
Orderly PERP_HBAR_USDC
Lighter HBAR
Aster HBARUSDT
Binance HBARUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09404 | −0.074% | $6.7M | $25.8M | 50x | as long as short |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09400 | −0.117% | $2.4M | $2.7M | 75x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09403 | −0.085% | $26.1M | $19.8M | 200x | as long as short |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09397 | −0.149% | $7.6M | $7.4M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09406 | −0.053% | $17.1M | $15.6M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09404 | −0.074% | — | $6.5M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09381 | −0.319% | $38K | $199K | 15x | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09440 | +0.306% | $1.0M | $188K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09434 | +0.243% | $386K | $2.7M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09452 | +0.436% | $154K | $712K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09383 | −0.298% | $436 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09394 | −0.181% | $71K | $68K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09383 | −0.298% | $2.2M | $2.2M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09402 | −0.101% | $50K | $273K | 10x | as long as short |
| BloFin HBAR-USDTlong | +0.0220% | 8h | 0.09411 | long leg | $1.5M | $5.6M | 90x | |
| Kraken Futures PF_HBARUSD | +0.0358% | 1h | 0.09385 | −0.276% | $1.3M | $2.9M | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0592% / S −0.0614% | 1h | 0.09381 | −0.319% | $150K | — | 100x | as long as short |
| Hyperliquid HBAR | +0.0612% | 1h | 0.09413 | +0.021% | $9.5M | $3.3M | 5x | as long as short |
OKX HBAR-USDT-SWAP
Gate HBAR_USDT
MEXC HBAR_USDT
KuCoin HBARUSDTM
Bitget HBARUSDT
BingX HBAR-USDT
Backpack HBAR_USDC_PERP
Variational Omni HBAR
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
Extended HBAR-USD
Kraken Futures PF_HBARUSD
GMX HBAR/USD [WBTC.b-USDC]
Hyperliquid HBAR